Aspen Group (ASPU) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Aspen Group (NASDAQ:ASPU) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

According to Zacks, “Aspen Group, Inc. is an online post-secondary education company. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in a range of areas, including business and organization management, education, nursing, information technology, and general studies. Aspen Group, Inc. is headquartered in Denver, Colorado. “

Several other research firms have also recently issued reports on ASPU. Craig Hallum initiated coverage on shares of Aspen Group in a research note on Monday, February 12th. They set a buy rating and a $12.00 target price on the stock. Roth Capital upped their target price on shares of Aspen Group from $9.60 to $12.25 and gave the company a buy rating in a research note on Thursday, December 14th. Finally, Taglich Brothers restated a speculative buy rating on shares of Aspen Group in a research note on Tuesday, December 19th.

Aspen Group (NASDAQ ASPU) opened at $7.40 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.12 and a current ratio of 3.12. The stock has a market cap of $116.11, a PE ratio of -43.53 and a beta of 0.57. Aspen Group has a one year low of $3.20 and a one year high of $9.61.

Aspen Group (NASDAQ:ASPU) last posted its earnings results on Wednesday, December 13th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $4.85 million for the quarter, compared to the consensus estimate of $4.87 million. Aspen Group had a negative net margin of 11.48% and a negative return on equity of 32.02%. equities research analysts forecast that Aspen Group will post -0.33 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of ASPU. Royce & Associates LP lifted its stake in shares of Aspen Group by 60.9% in the 4th quarter. Royce & Associates LP now owns 141,520 shares of the technology company’s stock worth $1,262,000 after purchasing an additional 53,540 shares during the period. Unterberg Capital LLC bought a new position in shares of Aspen Group in the 3rd quarter worth approximately $2,355,000. Finally, P.A.W. Capital Corp bought a new position in shares of Aspen Group in the 3rd quarter worth approximately $1,570,000. Institutional investors and hedge funds own 5.85% of the company’s stock.

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Aspen Group Company Profile

Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).

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